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    Property profile & analytics

    121 Peter Pan Rd Independence, KS 67301-7307

    • Outlet malls
    • 153,207 SF
    • 19.19 lot acres
    OFF-MARKET
    Value Estimation
    $1,070,000
    Location Intelligence
    Property ID
    US33-0765770
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Walmart House Cleaning Services / House Cleaning Service
    • Walmart Deli / Deli
    • MoneyGram / Money Transfer Service
    • Western Union / Money Transfer Service
    • Ria Money Transfer - Walmart / Money Transfer Service

    Property Details for 121 Peter Pan Rd

    Year built
    2000
    Lot size
    19.19 lot acres
    Property size
    153,207 SF
    Property type
    Outlet malls
    APN
    087-35-0-20-01-009.00-0
    APU
    873502001009000

    Description

    This 1.98-acre commercial land parcel in Independence, Kansas, offers excellent visibility from W Main Street and benefits from its proximity to a high-traffic Walmart, averaging nearly 118,000 visitors monthly. The property is zoned C-4, providing flexibility for a variety of commercial uses. Its location less than ten minutes from Independence Community College, with an annual enrollment of 900 students, presents a significant opportunity to tap into a local student population. Furthermore, the site's proximity to Elk City State Park, known for its extensive hiking and biking trails, adds to its appeal. This outparcel presents a unique opportunity for developers seeking high visibility and access to a substantial customer base and recreational amenities. The property is situated at 121 Peter Pan Rd, Independence, KS 67301, in Montgomery County. The address is verified, and the latitude and longitude coordinates are 37.22564193893557, -95.74359815687936 respectively. This location offers significant potential for commercial development given its strategic placement and zoning. The 1.98 acres provide ample space for a variety of commercial ventures.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,055,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,355,000
      6.5%
      $1,195,000
      7%
      $1,330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,385,000
      Geo Method
      $1,425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,315,000
      Retail
      $1,210,000
      Mixed-Use
      $1,375,000
      Hospitality
      $1,030,000
      Educational
      $1,090,000
      Residential Income
      $1,385,000
      Energy
      $1,145,000
      Income-Based Land
      $1,040,000
      Food Service
      $1,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Montgomery
    State
    Kansas
    Longitude
    -95.7434
    Latitude
    37.2233
    CBSA code
    17700
    CBSA name
    COFFEYVILLE, KS MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $260,596
    $71,738
    $1,306,013
    $1,377,751
    -
    $286,950
    $5,224,050
    $5,511,000

    Comparable in this City

    • Value Estimation by Request
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      3102 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 22,500 SF
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    • Value Estimation
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      25,000 SF

      3182 Us Hwy 160

      WHOLESALE OUTLET, DISCOUNT STORE • 25,000 SF
      3182 Us Hwy 160, Independence, KS 67301-8976
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    • Value Estimation by Request
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      915 Penn Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 19,304 SF
      915 Penn Ave, Independence, KS 67301-2500
      View Details
    • Value Estimation by Request
      9,020 SF

      1210 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,020 SF
      1210 Main St, Independence, KS 67301-3701
      View Details
    • Value Estimation by Request
      3,950 SF

      3011 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 3,950 SF
      3011 Main St, Independence, KS 67301-8495
      View Details

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    121 Peter Pan Rd
    Independence, KS 67301-7307
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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